Why do most people blame capitalism for the faults of a mixed economy?

Question

A large example, the great depression, viewed as many as a failure of capitalism, it was caused mostly by the Federal reserve, an institution incompatible with a free economy.

Answer 1

The government and the FED did little it anything  until 1933 and by then the unemployment rate was 25% and bank failures were widespread and the currency was increasing in value because we were on the gold standard and our gold reserve was being depleted by people changing currency to gold.  Prior to the creation of the FED we suffered  bank panics which put the economy into recessions at regular intervals, and the business cycles were  much more server than they have been since WWI when the FED  started to actively managed the money supply and  until recently regulated  financial institutions. A free people is a desirable goal in itself, but a free economy is only good only because it  increases the wealth and well being of people and is not a goal that is valuable  in its self.

Answer 2

Meg you said, "the currency was increasing in value because we were on the gold standard and our gold reserve was being depleted by people changing currency to gold."

I disagree that the value of the dollar increased because of what people did with Gold. The US Dollar increased in Value because the economy was experiencing deflation. Nobody was spending money, everybody was sitting on any nickel they got. Paper of Gold, didn't matter. And that lack of currency floating around in the economy caused the valuation of the money to increase during the depression.

Answer 3

Becuase it was capitalism's fault. Excess speculation and credit led to the bubble burst that was only fixed by FDR's tightening on regulations (i.e. command economy). Yes, there are many cases through history where it was the GOV'T's intervention that caused a downturn in fortunes, but for the Great Depression I think unchecked, rampant capitalism needs to take the blame.

Answer 4

because capitalism is part of our mixed economy.

and right now a number of problems might be because of deregulations done by people who said it will be best for the free market.

Answer 5

Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism.

Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).

Actual economics is the persons that are paying the business loans of companies voting at work in order to control the property they are paying for.

Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.

Anti-Democracy republicanism is the psychology of imaginary parents, and false government.